Entertainment Arts, Inc. Subsidiary, HolograFX, Inc., Signs Exclusive License Agreement
July 07 2005 - 9:00AM
Business Wire
Entertainment Arts, Inc. (Pink Sheets: ETAR) today announced its
operating subsidiary, HolograFX, Inc. has signed a multi-year
exclusive distribution agreement for Southern Africa with AD
OUTPOST (EDMS) BPK. The agreement contains specific benchmarks to
be attained by AD OUTPOST in order for the agreement to remain in
force. The benchmarks include yearly purchase goals and licensing
fees that total a minimum of $2.2 Million during the ten-year term
of the agreement. AD OUTPOST is a major Southern African outdoor
sign company. They will exclusively market HolograFX 3D
"free-floating" holographic technology in a new company division
focused on expansion into indoor signage and advertising. Mr.
Wilhem Krog, Managing Director stated, "AD OUTPOST recognizes the
enormous creative potential for this unique technology. It attracts
attention and will stop people in their tracks! This exciting
technology will have a positive effect in the indoor signage
industry." This Licensing Agreement grants AD OUTPOST an exclusive
right to sell HolograFX patented technology in Southern Africa. The
territory includes the countries of: Angola, Botswana, Lesotho,
Malawi, Mozambique, Namibia, South Africa, Swaziland, Zambia, DRD,
Kenya, Tanzania and Uganda. About Entertainment Arts, Inc.
Entertainment Arts, Inc.'s (www.entertainmentartsinc.com) operating
subsidiaries are HolograFX, Inc. (www.holografxinc.com) and Song
Factory, Inc. HolograFX has an exclusive worldwide licensing
agreement in a patented 3D holographic technology to market, sell,
manufacture and license this unique product. Song Factory, Inc.
produces, markets and licenses karaoke content. Both companies are
headquartered at 27 Bland Street, Emerson, NJ 07630. HolograFX has
a Las Vegas office at 133 N. Gibson Road, Henderson, NV. Certain
statements in this press release constitute "forward-looking
statements" relating to Entertainment Arts, Inc. and its
subsidiaries (the "Company") within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements regarding
future events, our financial performance and operating results, our
business strategy and our financing plans are forward-looking
statements. In some cases you can identify forward-looking
statements by terminology, such as "may," "will," "would,"
"should," "could," "expect," "intend," "plan," "anticipate,"
"believe," "estimate," "predict," "potential" or "continue," the
negative of such terms or other comparable terminology. These
statements are only predictions. Known and unknown risks,
uncertainties and other factors could cause actual results to
differ materially from those contemplated by the statements. In
evaluating these statements, you should specifically consider
various factors that may cause our actual results to differ
materially from any forward-looking statements.
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